Use the Table for the Question(s) Below

question 18

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement and other information:

-Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2006 Luther's diluted earnings per share are closest to:

• A) $1.01
• B) $1.04
• C) $1.53
• D) $3.92

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Definitions:

Sterile Water

Water that has been purified and treated to remove all microbes and contaminants, often used for medical or laboratory procedures.

Sterile Saline

A salt solution prepared in a manner that prevents contamination by microorganisms and is used for medical purposes such as wound irrigation and intravenous drips.

Sterile Field

A specific area free of microorganisms to maintain sterility during medical procedures or experiments.